Philosophy
Should a loan that one neither intends nor is required to repay be considered debt or equity?
Can goals-based portfolio theory bridge normative and descriptive investment theories?
Could EAM generate enough added alpha for active management to reclaim its edge over passive?
Is there a performance penalty for ESG investing? Is it logical to lump E, S, and G together?
We need a new approach to risk and uncertainty.
The Joys of Compounding offers new opportunities to learn and re-learn critical lessons that will make us better investors and individuals.
We need to reject the mirage Modern Finance projects on the market and revive a commonsense approach to uncertainty.
“Investing is not the study of finance,” Morgan Housel says. “Investing is the study of how people behave with money.”
How did modern society succumb to the illusion that uncertainty can be transformed into calculable risks?
Michael S. Falk, CFA, discusses entitlement reform, outdated incentives, the lessons of the pandemic, and more.